Monday 15 September 2014

CAPITAL STROKE UPDATE 15 September 2014 : MCX NATURAL GAS



Naturalgas trading range for the day is 229.1-239.1.

Naturalgas settled up as support seen due to weakness in rupee and on concerns the tropics are brewing in the Gulf of Mexico.

Tropical storms and hurricanes in the Gulf of Mexico tend to send natural gas prices rising, as rigs evacuate to let the storm pass, which cuts into production.

Inventories rose by 64 bcf in the same week a year earlier, while the five-year average change is a build of 60 bcf.

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